In 1859 the human race discovered a huge treasure chest in its basement. This was oil and gas, a fantastically cheap and easily available source of energy.
Category: Alternative Energy, Fuel Prices, Renewable Energy |
4 Comments | Tags: Alternative Energy, energy conservation, Famous Quotes, fossil fuels, Renewable EnergyWhen will the madness end? Gasoline could be around $4.50 per gallon for the national average and certainly will be later this summer when refineries turn their attention to producing #2 home heating oil for the winter. Oil executives were in front of Congress this week to answer questions about why oil has unprecedentedly skyrocketed. [...]
I guess this comes as no surprise. Why should they? They’re reaping incredible financial rewards and this only stands to go ever higher. Well, hey it is capitalism at its best – or worst – depending on how you look at it. We pay what the market will bear, right? "Saudi Arabian leaders made clear [...]
As reported by the Associated Press, skyrocketing food prices, stoked by rising fuel prices, unpredictable weather and growing demand from India and China’s burgeoning middle classes, have sparked sometimes violent protests in the Caribbean, Africa and Asia in recent months. "Skyrocketing food prices, stoked by rising fuel prices" First and foremost – Rising Fuel Prices. [...]
Category: Food Prices, Fuel Prices |
Leave a Comment | Tags: china, Food Prices, food riots, india, middle class, rising fuel prices, somalia, violent protests
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